Lancashire to pay $242m special dividend
Bermudian start-up (re)insurer Lancashire has announced it is to return $242m to shareholders through a strategic dividend of $1.10 (approximately 54p) per common share and warrant per share and warrant at the current exchange rate).
The divdend represents 15.5% of the company's market capitalisation, based on its Monday 10th January London opening price of 347.5p. The move comes on top of a recently-announced $100m share buyback
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